A wonderful perk of building a spending budget is now you will be able to factor in one-time purchases better than ever before.
Though some of these items may come up unexpectedly, like the purchase of the laptop to replace the one that crashed, many others can be budgeted for months in advance, like that enterprise retreat you’ve been eyeing, to protect your enterprise from financial burden.
Phase 5: Pull It All Together
The 1st four measures of this post detail the elements of the beneficial enterprise spending budget, so the last stage is simply pulling it all together. Take action by applying this handy checklist with specific examples so that you can make your budget without any hassle:
Earnings SOURCES:
Hourly Earnings
Product Sales
Investment Revenue
Loans
Savings
Other
FIXED COSTS:
Rent/Mortgage
Utilities
Salaries
Internet
Government and bank fees
Cell phone
Website hosting
Accounting Services
Legal Services
Insurance
VARIABLE Bills:
Raw Materials
Contractor Wages
Commissions
Advertising
Other Marketing Costs
Transportation
Travel & events
Printing Services
ONE-TIME SPENDS:
Computer
Furniture
Software
Office Supplies
Gifts
Producing a monthly company spending budget may seem like a hassle, but I bet it is something you’ve been thinking about for a long time. Get the leap! It’s an essential infrastructure project that gives you the ability to make conscientious financial decisions so your enterprise can stay on track and expand.
What else stands in your way of a balanced business enterprise budget? Are there any hurdles we’ve missed that currently have you paralyzed in the process? If so, comment below with your questions, challenges or concerns.
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